Sanctions News 26 Jan, 2015

Sanctions - Amendment of US Cuban Asset Control Regulations

On January 16, 2015 the U.S. Office of Foreign Asset Control issued amendments to the U.S. Cuban Asset Control Regulations.  As a useful Client Alert from the Club's US attorneys Freehill Hogan & Mahar makes clear however the amendments do not affect the U.S. trade embargo against Cuba and it consequently remains the case that vessels may not call at a U.S. port within 180 days of having called at a Cuban port.

A copy of the FHM Client Alert can be found here and the latest FAQs from OFAC here.

Members should contact the Managers with any questions concerning the impact of these and any other sanctions.